Corvac Composites to use D.A. plant for thermoforming

By Frank Esposito
Senior Staff Reporter

Published: November 9, 2012 6:00 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Injection Molding, Thermoforming

DAVISBURG, MICH. (Updated Nov. 9, 3:15 p.m. ET) — Automotive thermoformer Corvac Composites LLC has bought an injection molding and thermoforming plant from D.A. Inc. of Charlestown, Ind., but will use the plant exclusively for thermoforming work.

No purchase price was disclosed. D.A. employs 13 at the 30,000-square-foot Charlestown plant, molding covers and interior parts for Toyota Motor Corp. The firm does some thermoforming, but is primarily a custom molder. D.A. was founded in 1989 and was owned by Kojima Press Industry Co. Ltd. of Shimoichiba, Japan.

The acquisition gives Davisburg-based Corvac wheel liner work on the Toyota Sequoia SUV. The Sequoia was one of the few Toyota vehicles Corvac wasn’t working on, according to Corvac sales coordinator Jessica Hadley.

Toyota is Corvac’s largest customer, Hadley said in a Nov. 9 phone interview, but the firm also is increasing its work with Chrysler Group LLC. Corvac designs and produces wheel arch liners, engine under-covers and aerodynamic under-body shields. The company is owned by Humphrey Cos. LLC, a holding firm in Grandville, Mich., that owns three other industrial manufacturing companies.

Sales at Corvac are in line to total about $50 million in 2012, with 2013 sales expected to be close to $60 million, Hadley said. “Our business is really bouncing back,” she added.

Corvac employs a total of 250 at its headquarters and R&D center in Davisburg and at a manufacturing and engineering plant in Byron Center, Mich., and a manufacturing plant in Morgantown, Ky.


Comments

Corvac Composites to use D.A. plant for thermoforming

By Frank Esposito
Senior Staff Reporter

Published: November 9, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Auto suppliers announce expansion plans in Slovakia

December 24, 2014 9:11 am ET

Three auto suppliers in Slovakia have announced plans to expand in the country.    More

Image

Blachford Acoustics Group enters European market with UK acquisition

December 23, 2014 3:22 pm ET

Heavy truck interior systems supplier Blachford Acoustics Group has purchased European supplier TMAT Acoustic Technologies Ltd.    More

Image

French investment firm buys Vienna-based Constantia Flexibles

December 23, 2014 3:03 pm ET

Constantia Flexibles GmbH, one of Europe's largest flexible packaging companies, has a new owner.    More

Image

CCL Label investing $30 million in South Carolina plant

December 23, 2014 2:52 pm ET

Toronto-based CCL Industries Inc. is investing $30 million to expand one of its CCL Label manufacturing plants, in Clinton, S.C.    More

Image

Cretex buys California toolmaker

December 23, 2014 11:34 am ET

Medical device manufacturer JunoPacific Inc. has added tooling capabilities through the acquisition of Lawrence Tool and Engineering in California.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events